Jean-Pierre Verster, the founder of a South African hedge fund Protea Capital Management, has said he does not believe there is “intrinsic value” in cryptocurrencies. He insists that cryptocurrencies have “elements of a Ponzi scheme” and for that reason, he has not invested in them. A ‘Wonderful Technology’ In remarks made during an interview, Verster …
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Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well. ESET: 1 in 10 Crypto-Focused Threats …
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Virgin Galactic’s chairman and CEO of Social Capital, Chamath Palihapitiya, says bitcoin has effectively replaced gold. Having predicted that the price of the cryptocurrency would hit $200,000, the executive said bitcoin’s “market cap is just going to grow.” Palihapitiya: ‘I Can Pretty Confidently Say That Bitcoin Has Effectively Replaced Gold’ Virgin Galactic Chairman Chamath Palihapitiya …
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The Nasdaq-listed crypto exchange Coinbase has been meeting with members of Congress to discuss the cryptocurrency regulation it plans to propose, according to CEO Brian Armstrong. In addition, the company has met with more than 30 crypto firms, four major law firms, and three trade groups about its crypto proposal. Coinbase Meeting Congress Members and …
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The Metaverse is already witnessing the introduction of luxury fashion, and there is already a new digital fashion DAO which is super connected and is called the Red Dao, and as of now, this is the one that has been dominating the space, literally. The globally popular Italian luxury fashion brand Dolce & Gabbana have …
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Visa has been pretty active in affairs regarding the world of crypto, and this week is not an exception. According to some of the recent reports that have surfaced, the global financial service provider and payments facilitator has deployed their very first smart contract on the testnet of Ethereum. However, this will not be the …
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Non Fungible Tokens or NFTs are one of the most popular offerings from the world of crypto assets at this moment, and it has indeed taken the world by storm. As a result, it is not surprising to observe all the big names in the industry willing to jump on the train to make the …
Continue reading “$250 Million Creator Fund Launched By Ripple To Bolster NFTs on XRPL”
Umbrella Network, the decentralized Layer-2 oracle solution, has officially launched on Ethereum Mainnet. The company made this announcement on its blog on Friday. Umbrella Network is a community-owned Layer-2 oracle network that batches data for providing low-cost, scalable, and secure data. It utilizes the advances in Merkle tree technology to write multiple data points on a single on-chain …
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Crypto veteran and Morgan Creek Digital co-founder Anthony Pompliano is naming what he thinks is the biggest risk to Bitcoin (BTC). In a new episode of The Best Business Show, the Bitcoin bull lays down his hypothetical long-term bear case for the leading cryptocurrency. ADVERTISEMENT “Unlike what the Bitcoin proponents believe, Bitcoin won’t cross …
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The U.S. Securities and Exchange Commission (SEC) is pushing back the deadline to decide on four Bitcoin (BTC) exchange-traded fund (ETF) applications currently awaiting approval. The regulator says it needs additional time to look into a proposed rule change that will allow the Nasdaq Stock Market to list and trade shares of the Global X, …
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The sentiment in the crypto markets can change quickly as seen from the Crypto Fear and Greed Index, which has risen from levels of extreme fear on Sept. 30 to neutral today. The sentiment may improve further if Bitcoin (BTC) breaks out and sustains above the psychologically critical level at $50,000. One important event that …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, XTZ, AXS”
In most cases, the differing substrates of a blockchain impose limits on what techniques are available to engineers building these novel systems. For example, the Lightning Network is made possible by leveraging the time and hash locking functionality of Bitcoin script. Blockchains with fewer restrictions on their runtime have access to layered protocols that depend …
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The central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A study on the matter will commence soon and will be conducted with the support of a fintech startup based in Japan. Central Bank of Laos Joins Race to Develop Digital …
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The Salvadoran president, Nayib Bukele revealed on Friday that Chivo wallet users will be able to get a discount on petroleum fill-ups at the largest gas stations in the country. Chivo wallet users paying for fuel will save $0.20 per gallon using the government’s crypto wallet. Salvadoran President Nayib Bukele’s Government Subisidizes Country’s Gasoline Market …
Several U.S. lawmakers have called on Federal Reserve Chairman Jerome Powell to support cryptocurrency innovation. “The Federal Reserve must work to support domestic innovation … Our government should never be in the business of thwarting innovation.” Members of Congress Urge Fed Chair Powell to Support Crypto Innovation Several U.S. Congress members have sent a letter …
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